Fuelling the growth is the increasing adoption of ADAS, EVs, and the Internet of Vehicles (IoV), according to 2023 Worldwide Competitive Landscape of Automotive Semiconductor.
According to IDC, the top five vendors in the automotive semiconductor market had over 50% of the market share in 2023.
Infineon led the market with a share of 13.9%m followed by NXP and ST, holding a market share of 10.8% and 10.4%, respectively.
TI and Renesas also demonstrated strong performance, accounting for 8.6% and 6.8%, respectively, of the total share. The market landscape is as follows:
Infineon has strength in advanced control systems and the power semiconductor market.
NXP offers expertise in vehicle-to-everything (V2X) communication and security technologies.
ST specialises in MEMS and power semiconductors.
TI has a wide range of analogue chips and embedded ICs.
Renesas offers a comprehensive collection of microprocessors and SoCs.
